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Kredivo Closes up to US$100m Warehouse Financing Facility with Victory Park Capital to Boost Indonesian Expansion
Amount Raised
$100 Million
Round Type
Funding Round
JakartaDescription
Kredivo, the leading digital credit platform for retail borrowers across Indonesia, and Victory Park Capital Advisors, LLC (“VPC”), a leading private credit specialist headquartered in Chicago, announced today the closing of a committed debt facility of up to US$100 million to fund consumer loans for Kredivo’s borrowers in Indonesia. The deal marks major milestones for both firms: for Kredivo, it is the largest deal in its history with a credit provider and also represents one of the largest ever credit lines secured by any digital credit platform in the region; for VPC, this represents their first transaction in Southeast Asia and Indonesia overall.
Fundz sees it the moment Kredivo raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Kredivo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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